Don't forget the young people who can no longer set up home and start families because of higher mortgage rates, and have to stay renting - funding landlords.

Don't forget the young people who can no longer set up home and start families because of higher mortgage rates, and have to stay renting - funding landlords. That and inducing a stop/start business cycle in the building industry which causes the firms to use subcontractors rather than employees. The Monetarist Mortgage Tax driven via the finance industry and the housing market is how we tax the nation - now the legislatures don't want to do it explicitly.